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20130104
20130112
Search Results 0 to 10 of about 11 (some duplicates have been removed)
that eliminates bush's tax cuts, taxes go up on 80% of the entire country and then obama comes in on january 1 and says i propose a tax cut for everybody that is making less than $250,000. so they took what they feel was a bad deal to prevent a totally ruin ous one politically and economically and i don't fault boehner or mcconnell for doing it. and they may not have negotiated well getting to the edge of the cliff, but when they got there, i think they made the right call for the party and for the country and the 300-point rise in the dow jones the next day suggests they did the right thing. >> in preventing the greater damage that would occur had they done the opposite? >> damage to the country torque the economy, and to the party. >> eleanor? >> i agree that boehner and mccomfortable did the right thing -- mcconnell did the right thing but they had to be dragged to the very edge of the cliff in order to do it. this was a self created trip wire so that congress would be forced to act and they almost tripped it. but the last minute, this is a victory for the president, tactical, political vic
months, as the government reaches its debt ceiling and can't borrow any more money. president obama wants to lift that ceiling. the republicans don't. and it appears we're heading for another "thelma and louise" ride to the edge. remember -- they went over. we'll discuss that possibility next week with paul krugman, the nobel laureate in economics and "new york times" columnist whose bestselling book, "end this depression now!" calls for full employment as an alternative to austerity. read it, then send us the question you would like me to put to paul krugman. meanwhile, another reality beckons and there's a menace more threatening than the fiscal cliff ever was. what should really be scaring the daylights out of us -- the crisis which could make all the others irrelevant -- is global warming. get this one wrong and it's over -- not just for the usa, but for planet earth. that's the message delivered by hurricane sandy, and by almost all the extreme weather of the past two years. and here in the first month of the new year, it's the message from the most informed scientists in the world.
, the man president obama has nominated to lead the defense department, has called the pentagon bloated and warned the agency has not made important strategic decisions. his nomination comes as lawmakers have been looking at taking a trillion out of defense spending over the coming decade. but as darren gersh reports, hagel may be forced to cut a lot more than that. >> reporter: former senator chuck hagel is a vietnam vet, so when he accepted the president's nomination as secretary of defense, it was fitting his thoughts turned first to the troops. >> these are people who give so much to this nation everyday with such dignity and selflessness. >> reporter: but if he is confirmed, one of hagel's toughest jobs will be deciding how much to cut back the size of the military and the size of military paychecks. that won't be easy. >> despite all the conspiracy theories about the defense industry, it's actually a lot easier to cut weapons than to cut personnel costs. when you try to cut military pay and benefits, you run into a buzzsaw on capitol hill. >> reporter: if you count benefits like t
. president obama taps a new warrior for the debt ceiling fight. he chooses jacob lew to be the 76th u.s. secretary of the treasury. >> tom: i'm tom hudson. uncle sam wants to make sure you can afford that home loan before you buy. new rules to protect consumers from bad mortgage lenders are on their way. >> susie: and, we look at whether new year's resolutions, to lose weight, can pump up your portfolio. >> tom: that and more tonight on "n.b.r."! >> susie: president obama named today a "low key" washington hand as his new secretary of the treasury. jacob lew is being called a man who combines tough bargaining with deep economic understanding and a commitment to protecting the safety net for the poor and the elderly. some republicans have promised to oppose lew's nomination, but most say they are reserving judgment. darren gersh has more on this pivotal player. >> reporter: the president introduced his pick for treasury secretary as a man who gets tough jobs done. and one of those jobs will be protecting programs the president supports. >> as the son of a polish immigrant, as a man of
, that obama as president is going to be on the right side of history? >> i desperately hope so, because we need that, and people need that. i don't need that. i'm in the 1 percent, so i need to pay more taxes. it's the truth. i don't begrudge -- i don't drive by a firehouse and see guys playing cards and begrudge the fact that my taxes pay them, because every once in a while the bell goes off, and those guys run into a burning building for people who are strangers or people who are my friends, or their cats. i don't want to do that. i don't know that i'm built to do that. maybe i am, but i'd rather pay another percent or two for some police who are going to make sure that our kids are safe and we're safe. occasionally they put themselves in harm's way. i like driving on nice roads. i believe -- i just believe that we're all in it together, and i wonder, these people who get so angry about a couple of more percentage points, it's like, what are you talking about, really? you want to see what life looks like without that? go to the congo. there are rich people in haiti. go check it out. do y
obama nominated former rebublican senator chuck hagel as his next secretary of defense. hagel is a decorated vietnam veteran and former businessman. the president called him, "the leader our troops deserve." >> as a successful businessman he also knows that even as we make tough fiscal choices, we have to do so wisely, guided by our strategy, and keep our military the strongest fighting force the world has ever known. >> tom: hagel's not a shoe-in for the position. he's received criticism for his record on israel, iran, and gay rights. current defense secretary leon panetta says he will retire when his replacement is approved by the senate. >> tom: tonight we begin a new weekly series here on nbr. we partnered with some of the nation's top universities to bring you the best research on business, the economy and investing. we call it nbru. now our partners in this combine over 400 years of business knowledge. they include harvard university, standford, wharton and vanderbilt universities. each monday we will speak with top professors about key money issues and you can read in-d
Search Results 0 to 10 of about 11 (some duplicates have been removed)